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Articles by MOHIT JAIN

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Taxability of Interest Accrued on Employee Contribution to Recognized Fund

  MOHIT JAIN    07 September 2021 at 09:24

The annual interest computed on employee contribution in excess of Rs. 2.50/5.00 lacs is taxable only at the time when the accumulated balance is paid to the employee.

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Posted in Income Tax |   885 Views


Legal compliance for business through E-commerce Operator (ECO)

  MOHIT JAIN    27 May 2020 at 10:10

In this article, we would highlight the important aspects under the Goods & Service Tax Act, 2017 (GST Legislation) and Income Tax Act, 1961, in connection with online sale through ECO.

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Posted in GST |   5877 Views


Construction PE- Finer Aspects

  MOHIT JAIN    22 December 2014 at 11:02

Article 5(3) of UN model provides for existence of construction PE as under;- A building site, a construction, assembly or installation project or supervisory activities in connection therewith, but only if such site, p

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Posted in Income Tax |   5091 Views


Taxability of Interest Income of Non-Resident

  MOHIT JAIN    17 October 2014 at 10:54

In this article, analysis is being done on Tax Rate applicable on Interest income to Non-resident. The Tax Rates on interest income to non-resident is dependent upon following 3 crucial factors:- Nature

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Posted in Income Tax  1 comments |   25920 Views


Re-assessment Jurisdiction of Assessing Officer

  MOHIT JAIN    13 August 2014 at 10:36

Re-assessment Jurisdiction by Assessing Officer 1. Initiation of re-assessment proceedings (issue of notice u/s 148) should be strictly in accordance with the cumulative conditions stipulated in sections 147, 149 & 151 of Income Tax Act, 1961, ot

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Posted in Income Tax  3 comments |   3864 Views


Real Estate Investment Trust (REIT) - Direct Tax Proposal

  MOHIT JAIN    15 July 2014 at 11:33

Globally REIT is well developed phenomena, serving dual purpose of providing investor with alternative investment avenue, being real estate properties and providing developer or private equit

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Posted in Income Tax  1 comments |   17331 Views


Service PE- Centrica India Offshore Judgement- Anlaysed

  MOHIT JAIN    14 May 2014 at 11:30

SERVICE PE- Critical Observations on Judgement in Centrica India Offshore (P) Ltd. Facts:- Centrica Plc, a company incorporated in UK, along with foreign subsidiaries in Canada, collectively referred to as Overseas Entities were engaged

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Posted in Income Tax  1 comments |   10119 Views


Safe harbour Rules Vs Permanent Establishment

  MOHIT JAIN    07 April 2014 at 12:00

Government has notified Safe Harbour rules (SHR) to provides certainty to Indian associate enterprise of MNC group in its Transfer Pricing Assessment The bigger question is that whether safe harbour will

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Posted in Income Tax |   10251 Views


Issue of Shares at less than FMV- Section 56(2)(vii)

  MOHIT JAIN    21 March 2014 at 12:14

Analysis of Mumbai Tribunal Judgement in Sudhir Menon HUF (ITA No. 4887/Mum/2013)- AY 2010-11- Section 56(2)(vii) Facts:- Assessee was shareholder in a company and was allotted right shares (1,94,000) at face value of Rs. 100 each on 28.01.2010 The

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Posted in Income Tax  7 comments |   148200 Views


TDS on Reimbursement of Expenses to Non-Residents

  MOHIT JAIN    06 March 2014 at 12:59

TDS on Reimbursement of Expenses to Non-Resident To elucidate the concept, considered the following cases from TDS deduction perspective u/s 195 of the Income Tax Act:- Rs. 10 lacs paid as Fees for Technical Services to Non-Resident (NR) and his exp

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Posted in Income Tax  3 comments |   16896 Views